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In the second-quarter GDP grew 2.1 %
GDP, U.S. Economy
The U.S. economy grew at a solid pace during the April-through-June period, led by growth in consumer and government spending.
In the second-quarter Gross domestic product has climbed by 2.1 % to $21,338 billions, an increase from $21,060 billions in the first-quarter on the seasonally adjusted basis, fueled by 5.0 % growth in government spending, representing 0.9 of a percentage point to GDP change, reported by the Commerce Department. Consumer and government spending grew above averge in the second-quarter.
Broad-based economic growth at a solid pace during the second-quarter, raises hopes that, the U.S. economy is on self-sustaining path. The first estimate of GDP will be revised twice before it becomes final. The advance report includes estimates for trade and inventory growth. Over the past 12 months, led by growth in consumer and government spending, U.S. output have climbed by 2.3 %. |
Investments dropped by -5.50 % to $3,756 billions, despite the increase in Gross national product on the seasonally adjusted basis.
Investments in housing dropped by -1.50 %, while businesses cut their investments by -0.60 % at a annual pace and subtracted -1.00 of a percentage point of Gross domestic product.
Slower inventory buildup acted as a major drag on growth. The reduction in the buildup in inventories subtracted -0.85 percentage points from GDP growth.
Government spending soared by 5.00 %, federal spending rose 7.90 %, including an 2.80 % rise in national defense spending. Government spending on national defense accounts for 3.94 % of total nation's output and 22.47 % of total government spending.
• More on U.S. Real Gross Domestic Product
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Contributions
to Percent Change in Real GDP |
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2.85% |
-1.00% |
0.85% |
-0.40% |
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Note |
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The government provides three estimates of economic growth per quarter, with each reflecting more complete information than the last.
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International Trade |
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Diversified |
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U.S. growth would have been even faster if imports, which subtract from GDP, hadn't increased sharply: Imports rose 0.10 % from -1.90 % in the second-quarter.
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Consumer spending jumped in second-quarter by 4.3 %
With estimated annual rate of $14,500 billions, seasonally adjusted in the first-quarter, consumer spending accounts for 68.85 % of economic activity on the seasonally adjusted basis, helped by improving consumption in food service industry, reported by the U.S. Commerce Department.
Spending on U.S. made Goods increased by 6.0 %, where consumption of Durable Goods grew by 12.9 %, led by growing demand for new cars.
Growth in nondurable goods of 2.5 %, was helped by improving consumption gasoline and other energy goods, up 8.89 %.
Sevice sector grew more than in previous quarter and faster than gross national product, spending on service increased by 8.3 %, helped by improving consumption in food service industry. Consumer spending for services accounts for 70.2% of total speding and 47.46% of total GDP.
Final sales for domestic product, considered a measure of domestic demand because it excludes inventories and trade, jumped at a 3.0 % rate in the second-quarter after rising 2.6 % in the first-quarter.
• Relation of U.S. GDP, U.S. GNP
• Corporate Profits by Industry
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Quarters seasonally adjusted
(At annual rates Q / Q, in %) |
II Quarter
2019
adv. |
I Quarter
2019
final |
IV Quarter
2018
rev. |
III Quarter
2018
adv. |
II Quarter
2018
final |
I Quarter
2018
rev. |
| Gross domestic product (GDP) |
|
2.1 % |
3.1 % |
2.2 % |
3.4 % |
4.2 % |
2 % |
|
Personal consumption expenditures |
|
4.3 % |
0.9 % |
2.5 % |
3.5 % |
3.8 % |
0.9 % |
| Goods |
|
6 % |
2.3 % |
2.1 % |
4.6 % |
4 % |
0.5 % |
| Durable goods |
|
12.9 % |
-2.4 % |
3.6 % |
3.7 % |
8.6 % |
-2.1 % |
| Nondurable goods |
|
2.5 % |
1 % |
2.4 % |
3.2 % |
3 % |
1.5 % |
| Services
|
|
8.3 % |
0.7 % |
2.6 % |
4.3 % |
5.5 % |
-0.4 % |
| |
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Gross private domestic investment |
|
-5.5 % |
6 % |
3.7 % |
15.2 % |
-0.5 % |
7.5 % |
| Fixed investment |
|
-0.8 % |
3 % |
3.1 % |
1.1 % |
6.4 % |
7.6 % |
| Nonresidential |
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-0.6 % |
4.4 % |
5.4 % |
2.5 % |
8.7 % |
10.4 % |
| Structures |
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-10.6 % |
4.3 % |
-3.9 % |
-3.4 % |
14.5 % |
16.2 % |
| Equipment &
software |
|
0.7 % |
-1 % |
6.6 % |
3.4 % |
4.6 % |
5.8 % |
| Residential |
|
-1.5 % |
-2 % |
-4.7 % |
-3.6 % |
-1.3 % |
-1.1 % |
| Change in private
inventories |
|
- % |
- % |
- % |
- % |
- % |
- % |
| |
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Net exports of goods and services |
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| Exports
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-5.2 % |
5.4 % |
1.8 % |
-4.9 % |
9.3 % |
3.6 % |
| Goods |
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-5 % |
6 % |
1.2 % |
-8.4 % |
13.5 % |
3.4 % |
| Services |
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-5.6 % |
4.4 % |
2.7 % |
2.4 % |
1.5 % |
4 % |
| Imports
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0.1 % |
-1.9 % |
2 % |
9.3 % |
-0.6 % |
3.2 % |
| Goods |
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0.2 % |
-3.3 % |
0.5 % |
10.5 % |
-0.4 % |
2.6 % |
| Services |
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-0.3 % |
4.4 % |
8.6 % |
4.3 % |
-1.4 % |
5.9 % |
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| Govt. consumption exp.
& gross investment |
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5 % |
2.8 % |
-0.4 % |
2.6 % |
2.5 % |
1.3 % |
| Federal |
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7.9 % |
- % |
1.1 % |
3.5 % |
3.7 % |
1.7 % |
| National defense |
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2.8 % |
4 % |
6.4 % |
4.9 % |
5.9 % |
1.8 % |
| Nondefense |
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15.9 % |
-5.8 % |
-6.1 % |
1.6 % |
0.5 % |
1.6 % |
| State & local |
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3.2 % |
4.6 % |
-1.3 % |
2 % |
1.8 % |
1 % |
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| Addenda: |
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| Final sales of domestic product |
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3 % |
2.6 % |
2.1 % |
1 % |
5.4 % |
2 % |
| Gross domestic purchases |
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2.6 % |
2.1 % |
2.2 % |
5.3 % |
2.8 % |
2 % |
| Final sales to domestic
purchasers |
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3.5 % |
1.6 % |
2.1 % |
2.9 % |
4 % |
2 % |
| Gross national product
(GNP) |
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- % |
3.2 % |
2.1 % |
3.1 % |
4 % |
1.9 % |
| Disposable personal income |
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2.5 % |
2 % |
4.3 % |
2.4 % |
2.5 % |
3.6 % |
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| Current-dollar measures: |
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| GDP |
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- % |
1.7 % |
3.5 % |
4.9 % |
7.6 % |
4.2 % |
| Final sales of domestic product |
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5 % |
2.7 % |
4 % |
3 % |
4.3 % |
2.1 % |
| Gross domestic purchases |
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5.8 % |
2.4 % |
3.8 % |
5.3 % |
2.8 % |
2 % |
| Final sales to domestic purchasers |
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- % |
3.8 % |
4 % |
2.9 % |
4 % |
2 % |
| GNP |
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4.9 % |
2.5 % |
5.8 % |
3.1 % |
4 % |
1.9 % |
| Disposable personal income |
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- % |
- % |
- % |
2.4 % |
2.5 % |
3.6 % |
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Quarters seasonally adjusted
(Quarterly Y / Y, in %) |
II Quarter
2019
adv. |
I Quarter
2019
final |
IV Quarter
2018
rev. |
III Quarter
2018
adv. |
II Quarter
2018
final |
I Quarter
2018
rev. |
| Gross domestic product (GDP) |
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2.3 % |
3.2 % |
3 % |
3 % |
2.9 % |
2.6 % |
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Personal consumption expenditures |
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2.6 % |
2.7 % |
2.6 % |
2.9 % |
2.6 % |
2.4 % |
| Goods |
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3.4 % |
3.2 % |
2.7 % |
3.2 % |
2.6 % |
2.6 % |
| Durable goods |
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4.4 % |
3.3 % |
3.4 % |
5.6 % |
6.6 % |
6.6 % |
| Nondurable goods |
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2.1 % |
2.4 % |
2.4 % |
2.5 % |
2 % |
1.7 % |
| Services
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3.7 % |
3.3 % |
2.9 % |
4 % |
3.9 % |
3.9 % |
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Gross private domestic investment |
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4.1 % |
5.9 % |
6.8 % |
6.1 % |
4.6 % |
6.2 % |
| Fixed investment |
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1.4 % |
3.4 % |
4.6 % |
5.4 % |
5.8 % |
5.2 % |
| Nonresidential |
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2.7 % |
5.3 % |
7 % |
6.8 % |
7.1 % |
6.7 % |
| Structures |
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-4.6 % |
2.6 % |
4.9 % |
6.3 % |
5.7 % |
3.1 % |
| Equipment &
software |
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2.7 % |
3.4 % |
5.8 % |
6.6 % |
8.2 % |
9.5 % |
| Residential |
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-2.8 % |
-2.9 % |
-3.3 % |
0.5 % |
1.3 % |
0.2 % |
| Change in private
inventories |
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- % |
- % |
- % |
- % |
- % |
- % |
| |
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Net exports of goods and services |
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| Exports
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-1.5 % |
2.8 % |
2.3 % |
3.5 % |
5.7 % |
4.3 % |
| Goods |
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-1.9 % |
2.8 % |
2.1 % |
4.4 % |
7.3 % |
5 % |
| Services |
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-0.8 % |
2.8 % |
2.7 % |
1.8 % |
2.7 % |
3 % |
| Imports
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2.6 % |
2.1 % |
3.4 % |
5.8 % |
4.2 % |
5 % |
| Goods |
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2.1 % |
1.7 % |
3.2 % |
6.5 % |
4.5 % |
5.2 % |
| Services |
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4.8 % |
3.9 % |
4.2 % |
2.6 % |
2.6 % |
3.8 % |
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| Govt. consumption exp.
& gross investment |
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2.4 % |
1.9 % |
1.5 % |
2.2 % |
1.3 % |
0.7 % |
| Federal |
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3.5 % |
2 % |
2.7 % |
3.5 % |
2.3 % |
1.9 % |
| National defense |
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4.6 % |
5.3 % |
5 % |
4.2 % |
2.2 % |
2.1 % |
| Nondefense |
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1.9 % |
-2.5 % |
-0.5 % |
2.4 % |
2.3 % |
1.7 % |
| State & local |
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1.7 % |
1.8 % |
0.8 % |
1.5 % |
0.8 % |
- % |
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| Addenda: |
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| Final sales of domestic product |
|
1.8 % |
2.7 % |
2.6 % |
2.9 % |
3.1 % |
2.4 % |
| Gross domestic purchases |
|
2.8 % |
3.1 % |
3.1 % |
3.3 % |
2.7 % |
2.7 % |
| Final sales to domestic
purchasers |
|
1.8 % |
2.7 % |
2.6 % |
2.9 % |
3.1 % |
2.4 % |
| Gross national product
(GNP) |
|
- % |
3.1 % |
2.9 % |
3 % |
3.1 % |
2.7 % |
| Disposable personal income |
|
3.2 % |
2.4 % |
3.3 % |
2.7 % |
2.9 % |
2.8 % |
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| Current-dollar measures: |
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| GDP |
|
- % |
- % |
- % |
- % |
- % |
- % |
| Final sales of domestic product |
|
- % |
- % |
- % |
- % |
- % |
- % |
| Gross domestic purchases |
|
- % |
- % |
- % |
- % |
- % |
- % |
| Final sales to domestic purchasers |
|
- % |
- % |
- % |
- % |
- % |
- % |
| GNP |
|
- % |
- % |
- % |
- % |
- % |
- % |
| Disposable personal income |
|
- % |
- % |
- % |
- % |
- % |
- % |
| |
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U.S. Real Gross Domestic Product and Related Measures
GDP, U.S. Economy in Billions of U.S. dollars
Quarters seasonally adjusted
(At annual rates, in Billions of Dollars) |
II Q. 2019
adv. |
I Q. 2019
final |
IV Q. 2018
rev. |
III Q. 2018
adv. |
II Q. 2018
final |
I Q. 2018
rev. |
| Gross domestic product
(GDP) |
|
21,337.9 |
21,060.1 |
20,865.1 |
20,658.2 |
18,511.6 |
20,041.0 |
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Personal consumption expenditures |
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14,499.7 |
14,238.6 |
14,188.4 |
14,050.5 |
12,842.0 |
13,679.6 |
| Goods |
|
4,503.8 |
4,375.9 |
4,386.6 |
4,371.3 |
4,537.6 |
4,267.7 |
| Durable
goods |
|
1,524.7 |
1,466.2 |
1,476.0 |
1,468.5 |
1,662.3 |
1,434.5 |
| Motor vehicles & parts |
|
533.5 |
492.2 |
517.2 |
506.2 |
518.6 |
498.5 |
| Furniture & household equipment |
|
352.9 |
335.7 |
332.0 |
334.2 |
381.1 |
324.1 |
| Other |
|
224.1 |
230.0 |
228.9 |
229.8 |
259.4 |
223.4 |
| |
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| Nondurable goods |
|
2,979.1 |
2,909.7 |
2,910.6 |
2,902.8 |
2,886.7 |
2,833.2 |
| Food off-premises consumption |
|
1,029.6 |
1,008.9 |
1,009.9 |
1,007.4 |
965.2 |
988.3 |
| Clothing
& shoes |
|
399.0 |
397.0 |
398.5 |
398.0 |
393.4 |
385.5 |
| Gasoline,
fuel, oil & other energy goods |
|
349.1 |
320.6 |
348.1 |
352.0 |
446.6 |
340.6 |
| Other |
|
1,201.3 |
1,183.3 |
1,154.0 |
1,145.3 |
1,069.5 |
1,118.8 |
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| Services |
|
9,995.9 |
9,862.7 |
9,801.8 |
9,679.1 |
8,329.8 |
9,411.9 |
| Housing |
|
9,557.8 |
9,415.2 |
9,330.0 |
9,232.8 |
7,963.5 |
8,992.5 |
| Food services |
|
1,015.3 |
964.6 |
956.9 |
960.6 |
815.2 |
914.2 |
| Electricity & gas |
|
2,656.1 |
2,630.5 |
2,604.3 |
2,571.2 |
2,158.1 |
2,515.6 |
| Financial services |
|
1,153.6 |
1,144.4 |
1,147.2 |
1,128.8 |
852.2 |
1,102.5 |
| Transportation |
|
468.8 |
463.7 |
463.8 |
453.0 |
422.4 |
450.1 |
| Medical
care |
|
2,456.7 |
2,443.4 |
2,403.9 |
2,392.6 |
2,188.9 |
2,331.0 |
| Recreation |
|
582.6 |
562.6 |
562.7 |
557.7 |
493.4 |
549.0 |
| Other |
|
1,224.7 |
1,206.1 |
1,191.2 |
1,169.0 |
1,046.0 |
1,130.1 |
| |
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Gross private domestic investment |
|
3,755.9 |
3,823.3 |
3,766.3 |
3,710.7 |
3,316.7 |
3,543.8 |
| Fixed investment |
|
3,680.1 |
3,701.6 |
3,658.8 |
3,618.0 |
3,322.3 |
3,507.4 |
| Nonresidential |
|
2,892.9 |
2,906.8 |
2,864.8 |
2,819.7 |
2,710.1 |
2,720.3 |
| Structures |
|
634.5 |
657.4 |
646.0 |
643.3 |
551.7 |
614.9 |
| Equipment & software |
|
1,252.3 |
1,260.1 |
1,260.7 |
1,243.0 |
1,264.9 |
1,212.6 |
| Information processing equipment & software |
|
418.8 |
406.6 |
409.8 |
415.8 |
502.9 |
401.9 |
| Computers & peripheral equipment |
|
92.4 |
86.1 |
85.6 |
84.8 |
79.1 |
82.7 |
| Software |
|
412.8 |
411.1 |
395.6 |
389.0 |
414.2 |
370.3 |
| Other |
|
500.9 |
492.2 |
476.9 |
459.7 |
408.6 |
439.7 |
| Industrial equipment |
|
251.4 |
254.0 |
254.5 |
250.2 |
236.6 |
243.9 |
| Transportation equipment |
|
306.1 |
318.8 |
312.6 |
302.9 |
281.3 |
300.7 |
| Other equipment |
|
276.0 |
280.7 |
283.9 |
274.1 |
257.0 |
266.1 |
| Residential |
|
787.1 |
794.8 |
793.9 |
798.3 |
613.2 |
787.2 |
| |
|
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|
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|
|
| Change
in private inventories |
|
75.9 |
121.7 |
107.5 |
92.7 |
-36.8 |
36.3 |
| Farm |
|
-10.6 |
-4.6 |
-4.6 |
-3.5 |
-6.4 |
-1.9 |
| Nonfarm |
|
86.4 |
126.3 |
112.1 |
96.2 |
-31.0 |
38.2 |
| |
|
|
|
|
|
|
|
| Net
exports of goods & services |
|
-661.7 |
-606.7 |
-658.9 |
-653.5 |
-841.0 |
-639.2 |
| Exports |
|
2,506.8 |
2,552.0 |
2,540.6 |
2,538.6 |
2,574.2 |
2,477.4 |
| Goods |
|
1,649.9 |
1,664.1 |
1,661.6 |
1,668.6 |
1,809.2 |
1,628.1 |
| Services |
|
856.9 |
887.9 |
879.0 |
870.0 |
769.8 |
849.3 |
| |
|
|
|
|
|
|
|
| Imports |
|
3,168.6 |
3,158.6 |
3,199.5 |
3,192.1 |
3,415.2 |
3,116.6 |
| Goods |
|
2,567.6 |
2,548.8 |
2,596.0 |
2,602.4 |
2,870.0 |
2,537.1 |
| Services |
|
601.0 |
609.8 |
603.5 |
589.7 |
546.1 |
579.4 |
| |
|
|
|
|
|
|
|
| Govt. consumption exp. & investment |
|
3,744.0 |
3,604.8 |
3,569.4 |
3,550.5 |
3,171.8 |
3,456.8 |
| Federal |
|
1,414.6 |
1,355.6 |
1,341.9 |
1,329.5 |
1,224.0 |
1,294.8 |
|
National defense |
|
841.1 |
809.5 |
799.6 |
784.3 |
733.3 |
759.0 |
|
Consumption expenditures |
|
676.4 |
646.6 |
637.6 |
628.6 |
583.7 |
606.6 |
|
Gross investment |
|
164.7 |
162.9 |
162.0 |
155.7 |
149.8 |
152.4 |
|
Nondefense |
|
573.5 |
546.1 |
542.3 |
492.0 |
540.5 |
527.8 |
|
Consumption expenditures |
|
433.4 |
410.5 |
408.5 |
412.7 |
366.4 |
406.0 |
|
Gross investment |
|
140.1 |
135.6 |
133.8 |
132.5 |
123.6 |
129.8 |
| State and local |
|
399.0 |
2,249.3 |
2,227.5 |
2,221.0 |
1,946.6 |
2,162.0 |
| Consumption
expenditures |
|
1,898.6 |
1,832.3 |
1,834.8 |
1,822.8 |
1,597.9 |
1,784.4 |
| Gross
investment |
|
430.8 |
417.0 |
392.8 |
398.2 |
348.7 |
377.6 |
| |
|
|
|
|
|
|
|
| Addenda: |
|
|
|
|
|
|
|
| Final sales of domestic product |
|
21,262.0 |
20,938.4 |
20,757.7 |
20,565.5 |
18,515.9 |
20,004.7 |
| Gross domestic purchases |
|
21,999.6 |
21,666.7 |
21,524.1 |
21,311.7 |
19,324.8 |
20,680.2 |
| Final sales to domestic purchasers |
|
21,923.8 |
21,545.1 |
21,416.6 |
21,219.0 |
19,330.8 |
17,187.0 |
| Gross national product |
|
- |
21,319.4 |
21,120.0 |
20,913.3 |
18,766.4 |
20,309.8 |
| Net domestic product |
|
17,891.6 |
17,674.6 |
17,524.5 |
17,360.5 |
15,472.0 |
16,837.6 |
Annual U.S. Real Gross Domestic Product and Related Measures
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Quarters seasonally adjusted
(At annual rates Q / Q, in %) |
2018
|
2017
|
2016
|
2015
|
2014
|
2013
|
| Gross domestic product (GDP) |
|
2.9 % |
2.2 % |
1.5 % |
2.6 % |
2.4 % |
2.2 % |
|
Personal consumption expenditures |
|
2.6 % |
2.5 % |
2.7 % |
3.2 % |
2.5 % |
2.4 % |
| Goods |
|
2.8 % |
2.1 % |
2.8 % |
2.6 % |
1.8 % |
1.9 % |
| Durable goods |
|
3.7 % |
3.7 % |
3.7 % |
4 % |
6.9 % |
6.7 % |
| Nondurable goods |
|
2.1 % |
2 % |
2.3 % |
2.8 % |
2.1 % |
1.9 % |
| Services
|
|
5.9 % |
4.8 % |
-1.6 % |
5 % |
3.4 % |
3.4 % |
| |
|
|
|
|
|
|
|
Gross private domestic investment |
|
5.5 % |
6.8 % |
5.5 % |
6.9 % |
5.8 % |
4.9 % |
| Fixed investment |
|
6.9 % |
5.3 % |
-0.6 % |
2.1 % |
5.3 % |
4.7 % |
| Nonresidential |
|
5 % |
4.6 % |
-4.1 % |
-4.4 % |
6.3 % |
3 % |
| Structures |
|
7.4 % |
6.1 % |
-3.4 % |
3.5 % |
8.2 % |
-0.5 % |
| Equipment &
software |
|
7.5 % |
4.6 % |
6.3 % |
4.8 % |
6.4 % |
4.6 % |
| Residential |
|
-0.3 % |
3.3 % |
5.5 % |
11.7 % |
4.8 % |
3.4 % |
| Change in private
inventories |
|
- % |
- % |
- % |
- % |
- % |
- % |
| |
|
|
|
|
|
|
|
Net exports of goods and services |
|
|
|
|
|
|
| Exports
|
|
4 % |
3 % |
-0.3 % |
0.1 % |
3.2 % |
3 % |
| Goods |
|
4.7 % |
3.3 % |
0.3 % |
-0.6 % |
4 % |
2.8 % |
| Services |
|
2.6 % |
2.5 % |
-1.5 % |
1.6 % |
1.4 % |
3.6 % |
| Imports
|
|
4.5 % |
4.6 % |
1.3 % |
4.6 % |
4 % |
1.1 % |
| Goods |
|
4.8 % |
4.6 % |
0.9 % |
4.9 % |
4.1 % |
0.9 % |
| Services |
|
3.3 % |
4.4 % |
3.1 % |
2.9 % |
3.6 % |
2.2 % |
| |
|
|
|
|
|
|
| Govt. consumption exp.
& gross investment |
|
1.5 % |
-0.1 % |
0.8 % |
1.8 % |
-0.2 % |
-2 % |
| Federal |
|
2.6 % |
0.7 % |
- % |
- % |
-1.9 % |
-5.7 % |
| National defense |
|
3.4 % |
0.7 % |
-0.7 % |
-2.1 % |
-2.1 % |
-6.6 % |
| Nondefense |
|
1.5 % |
0.8 % |
1.2 % |
3.3 % |
-1.5 % |
-4.1 % |
| State & local |
|
0.8 % |
-0.5 % |
1.2 % |
2.9 % |
1 % |
0.5 % |
| |
|
|
|
|
|
|
| Addenda: |
|
|
|
|
|
|
| Final sales of domestic product |
|
2.7 % |
2.2 % |
1.9 % |
2.4 % |
2.3 % |
2.2 % |
| Gross domestic purchases |
|
3 % |
2.5 % |
1.7 % |
3.2 % |
2.5 % |
1.9 % |
| Final sales to domestic
purchasers |
|
2.9 % |
2.5 % |
2.1 % |
3.1 % |
2.5 % |
1.9 % |
| Gross national product
(GNP) |
|
2.9 % |
2.3 % |
1.4 % |
2.3 % |
2.3 % |
2.2 % |
| Disposable personal income |
|
2.9 % |
2.6 % |
1.4 % |
3.5 % |
2.5 % |
2.2 % |
| |
|
|
|
|
|
|
| Current-dollar measures: |
|
|
|
|
|
|
| GDP |
|
5.2 % |
4.2 % |
2.8 % |
3.7 % |
3.9 % |
- % |
| Final sales of domestic product |
|
5 % |
4.2 % |
2.1 % |
3.6 % |
3.9 % |
3.7 % |
| Gross domestic purchases |
|
5.3 % |
4.2 % |
2.5 % |
3.7 % |
3.9 % |
3.7 % |
| Final sales to domestic purchasers |
|
5.1 % |
4.8 % |
3.5 % |
3.8 % |
3.9 % |
- % |
| GNP |
|
5.2 % |
4.3 % |
2.7 % |
3.4 % |
3.7 % |
3.2 % |
| Disposable personal income |
|
5 % |
4.4 % |
2.6 % |
3.8 % |
3.8 % |
3.7 % |
| |
|
|
|
|
|
|
Annual U.S. GDP
(In Billions of Dollars) |
2018
|
2017
|
2016
|
2015
|
2014
|
2013
|
| Gross domestic product
(GDP) |
|
20,580.2 |
19,390.6 |
18,624.5 |
18,036.6 |
17,418.9 |
16,799.7 |
|
Personal consumption expenditures |
|
13,998.7 |
13,395.5 |
12,820.7 |
12,283.7 |
11,930.3 |
11,501.5 |
| Goods |
|
4,364.8 |
4,295.3 |
4,121.4 |
4,012.1 |
3,968.7 |
3,885.9 |
| Durable
goods |
|
1,475.6 |
1,473.8 |
1,411.0 |
1,355.2 |
1,302.5 |
1,263.0 |
| Motor vehicles & parts |
|
521.5 |
498.2 |
480.8 |
464.8 |
447.8 |
424.5 |
| Furniture & household equipment |
|
341.2 |
338.7 |
325.2 |
305.1 |
287.5 |
285.8 |
| Other |
|
218.3 |
405.8 |
385.5 |
376.6 |
205.5 |
205.0 |
| |
|
|
|
|
|
|
|
| Nondurable goods |
|
2,889.2 |
2,821.5 |
2,710.4 |
2,656.9 |
2,666.2 |
2,622.9 |
| Food off-premises consumption |
|
1,003.4 |
937.7 |
915.1 |
900.7 |
888.6 |
884.0 |
| Clothing
& shoes |
|
391.5 |
400.2 |
393.7 |
379.5 |
365.4 |
362.7 |
| Gasoline,
fuel, oil & other energy goods |
|
349.6 |
304.1 |
273.7 |
303.7 |
398.3 |
408.7 |
| Other |
|
1,144.6 |
1,172.8 |
1,126.1 |
1,076.9 |
1,013.9 |
967.5 |
| |
|
|
|
|
|
|
|
| Services |
|
9,633.9 |
9,100.2 |
8,699.3 |
8,271.6 |
7,961.7 |
7,615.7 |
| Housing |
|
9,190.9 |
8,723.3 |
8,340.4 |
7,943.7 |
7,633.7 |
7,326.2 |
| Food services |
|
973.3 |
878.2 |
849.2 |
808.8 |
755.5 |
736.5 |
| Electricity & gas |
|
2,567.2 |
3,197.2 |
3,022.1 |
2,963.2 |
2,166.0 |
2,082.5 |
| Financial services |
|
1,111.0 |
1,054.6 |
984.7 |
921.1 |
885.1 |
849.2 |
| Transportation |
|
462.2 |
406.6 |
392.5 |
368.4 |
344.9 |
324.3 |
| Medical
care |
|
2,352.6 |
2,259.9 |
2,163.7 |
2,069.0 |
1,997.2 |
1,918.6 |
| Recreation |
|
563.2 |
518.0 |
492.6 |
466.3 |
444.6 |
427.2 |
| Other |
|
1,161.3 |
1,172.8 |
1,126.1 |
1,076.9 |
1,040.4 |
987.9 |
| |
|
|
|
|
|
|
|
|
Gross private domestic investment |
|
3,628.3 |
3,212.8 |
3,057.2 |
3,056.6 |
2,851.6 |
2,670.0 |
| Fixed investment |
|
3,573.6 |
3,197.2 |
3,022.1 |
2,963.2 |
2,769.6 |
2,564.0 |
| Nonresidential |
|
2,786.9 |
2,449.6 |
2,316.3 |
2,311.3 |
2,210.5 |
2,047.1 |
| Structures |
|
633.2 |
560.2 |
516.2 |
507.3 |
506.9 |
456.4 |
| Equipment & software |
|
1,222.6 |
1,098.4 |
1,043.9 |
1,086.1 |
1,017.3 |
939.7 |
| Information processing equipment & software |
|
408.6 |
323.1 |
303.9 |
314.3 |
294.1 |
290.1 |
| Computers & peripheral equipment |
|
89.4 |
79.2 |
73.1 |
78.5 |
75.7 |
77.9 |
| Software |
|
380.0 |
243.9 |
230.8 |
235.8 |
304.9 |
294.4 |
| Other |
|
461.7 |
243.9 |
230.8 |
235.8 |
218.4 |
212.2 |
| Industrial equipment |
|
245.9 |
243.3 |
225.0 |
220.9 |
238.6 |
202.8 |
| Transportation equipment |
|
301.8 |
290.3 |
286.7 |
308.1 |
257.6 |
218.9 |
| Other equipment |
|
266.3 |
241.6 |
228.3 |
242.9 |
227.0 |
227.9 |
| Residential |
|
786.7 |
747.6 |
705.9 |
651.9 |
559.1 |
516.9 |
| |
|
|
|
|
|
|
|
| Change
in private inventories |
|
54.7 |
15.7 |
35.1 |
93.4 |
82.0 |
106.1 |
| Farm |
|
-7.8 |
2.4 |
-0.6 |
-2.0 |
7.9 |
40.4 |
| Nonfarm |
|
62.5 |
13.2 |
35.7 |
95.4 |
74.1 |
65.7 |
| |
|
|
|
|
|
|
|
| Net
exports of goods & services |
|
-638.2 |
-571.6 |
-521.2 |
-522.0 |
-538.2 |
-497.3 |
| Exports |
|
2,510.3 |
2,344.0 |
2,214.6 |
2,264.3 |
2,337.0 |
2,259.9 |
| Goods |
|
1,661.3 |
1,546.8 |
1,446.0 |
1,498.4 |
1,614.7 |
1,567.0 |
| Services |
|
848.9 |
797.1 |
768.5 |
765.9 |
722.2 |
692.9 |
| |
|
|
|
|
|
|
|
| Imports |
|
3,148.5 |
2,915.6 |
2,735.8 |
2,786.3 |
2,875.2 |
2,757.2 |
| Goods |
|
2,570.6 |
2,381.8 |
2,224.2 |
2,291.1 |
2,385.5 |
2,296.0 |
| Services |
|
577.9 |
533.8 |
511.6 |
495.2 |
489.7 |
461.2 |
| |
|
|
|
|
|
|
|
| Govt. consumption exp. & investment |
|
3,591.5 |
3,353.8 |
3,267.8 |
3,218.3 |
3,175.2 |
3,125.5 |
| Federal |
|
1,347.3 |
1,260.7 |
1,231.5 |
1,225.0 |
1,219.2 |
1,245.9 |
|
National defense |
|
793.6 |
744.4 |
728.9 |
732.0 |
761.5 |
770.7 |
|
Consumption expenditures |
|
637.4 |
588.7 |
585.2 |
590.6 |
618.9 |
612.0 |
|
Gross investment |
|
156.2 |
155.7 |
143.7 |
141.3 |
142.6 |
158.7 |
|
Nondefense |
|
540.9 |
516.2 |
502.6 |
493.0 |
457.6 |
475.1 |
|
Consumption expenditures |
|
419.5 |
389.1 |
379.4 |
373.1 |
346.3 |
359.0 |
|
Gross investment |
|
134.2 |
127.2 |
123.3 |
119.9 |
111.3 |
116.1 |
| State and local |
|
2,244.2 |
2,093.2 |
2,036.3 |
1,993.3 |
1,956.1 |
1,879.6 |
| Consumption
expenditures |
|
1,847.4 |
1,754.4 |
1,693.6 |
1,641.2 |
1,620.4 |
1,548.1 |
| Gross
investment |
|
396.8 |
338.8 |
342.7 |
352.2 |
335.7 |
331.5 |
| |
|
|
|
|
|
|
|
| Addenda: |
|
|
|
|
|
|
|
| Final sales of domestic product |
|
20,525.5 |
19,374.9 |
18,589.4 |
17,943.3 |
17,336.9 |
16,693.7 |
| Gross domestic purchases |
|
21,218.4 |
19,962.2 |
19,145.7 |
18,558.6 |
17,957.2 |
17,297.0 |
| Final sales to domestic purchasers |
|
21,163.7 |
19,946.5 |
19,110.6 |
18,465.2 |
17,875.1 |
17,191.0 |
| Gross national product |
|
20,848.1 |
16,592.7 |
15,842.8 |
15,246.9 |
17,630.6 |
17,057.5 |
| Net domestic product |
|
17,288.8 |
19,390.6 |
18,624.5 |
18,036.6 |
14,682.7 |
14,153.2 |
Next U.S. GDP report is expected on February 25, 2121.
|
